markets

Helena Cheng5/8/26

Innodata soars after company boosts full-year sales guidance, delivers impressive Q1 results

Innodata is surging in premarket trading after announcing better-than-expected quarterly results and raising its full-year sales guidance.

The data engineering company is seemingly benefiting from demand for its expertise to help improve the capabilities of AI tools.

The key numbers for Q1:

Revenue of $90.1 million (compared to analyst estimates of $76.5 million).
Adjusted EBITDA of $25.0 million (estimate: $10.4 million).

Innodata raised its full-year revenue growth guidance to around 40% or more, up from the ~35% or more guidance it gave out 10 weeks ago.

CEO Jack Abuhoff described this outlook as “prudent,” adding that several potentially large programs have not yet been included in this forecast.

To that end, he noted a new set of engagements with a large technology company that, if solidified, would generate approximately $51 million of revenue in 2026. Management is currently in discussions with an additional 15 companies and two hyperscalers about its new platform for agentic systems, Abuhoff added.

Earlier this year, this company announced a pact to provide data and data engineering services to Palantir to help improve AI tools that analyzed rodeos.

The robust quarter and outlook are bringing shares of Innodata back into the green on the year after having been down 10% heading into this report.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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